Silver futures fall from 13-year highs
After an impressive technical breakout and the rally of silver futures into fresh 13-year highs, traders opted to capitalize on the overextension by taking profits and await for further information. The Federal Reserve’s decision to keep policy rates intact earlier this week, noting the prolongment of its longstanding cautious and data dependent approach, due to […]
Oil Weekly Update: Energy markets in a state of nervous anticipation
Technical Analysis of Oil WTI Chart – Negative momentum drives WTI prices closer to fresh 4 year lows WTI futures managed to swiftly recover most of the short-lived pullback losses, rebounding strongly towards last Friday’s $77.60 peak as traders project that the prolongment of the conflict between Israel and Iran could disrupt global supply flows […]
Monetary policy decisions round-up
Making a start with the Federal Reserve’s rate decision yesterday, the central bank decided to kept rates intact as widely expected at the 4.25%-4.5% for the fourth straight meeting and the policymakers dot plot graph showcased projections that only two rate reductions will follow in 2025. The board remains still concerned about the impact of […]
All eyes on the Fed
Without a shadow of a doubt, the main attraction of this week is the upcoming policy rate decision from the Federal Reserve later on today alongside the speech from the head of the central bank for gauging the trajectory of interest rates in the foreseeable future. As for the actual decision, the market has already […]
BoJ stands pat, Yen remains rangebound
Earlier today in the Asian session, Bank of Japan, as expected, kept its key short-term interest rate intact at the 0.5% level, at its highest levels since 2008, and noted that the return towards looser financial conditions is currently not appropriate, signaling that rates will most likely remain at this level for a prolonged period […]
Tensions aggravate across the Middle East
Crude oil futures remain elevated near the $70 per barrel area, attempting to consolidate most of Friday’s gains with traders maintaining their bullish outlook, fearing for further supply disruptions and the extension of the conflict. Conflict between Israel and Iran aggravated during the weekend with the two sides exchanging missile blows across their opposing energy […]
Crude spikes as Israel strikes Iranian nuclear sites
Crude oil futures soared by 13% in the early market hours today as news agencies reported that Israel has launched a mass military air strikes via warplanes on Iranian soil, targeting its nuclear facilities and ballistic missile sites, a move that escalates dramatically the odds for instability across Middle East. Isreal’s PM Netanyahu attempted to […]
Tariff talk update
US-China talks have concluded for now, with both parties agreeing to construct a formal, mutually beneficial framework that would honor the trade truce of the world’s largest economic superpowers. The United States pledged to hold new tariffs at 30%, maintaining at the same time its originally proposed 10% baseline tariff on all the imported Chinese […]
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US CPI print to offer insights into economic impact
Without a shadow of a doubt the main attraction of the day is the final CPI print from the United States for the month of May, which will provide traders with additional clues as to how Trump’s tariffs impacted consumer prices, but more importantly how this piece of data could steer the Fed’s policy decisions […]
Sterling falters after weak labour growth
Earlier today the British Pound came under pressure, weakening to the $1.35 against the greenback as a fresh bout of labour market data showcased a notable slowdown reinforcing bets from money markets that the BoE will be inadvertently forced to reduce its policy rate further to avoid the knock-on effect on the nation’s growth. More […]
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Gold’s Weekly Update: Gold bulls take a breather
In today’s report, we are to discuss the main fundamental issues surrounding gold’s price as well as any financial releases that could affect its direction and conclude the report with gold’s daily chart. Revival of USD’s and gold’s negative correlation? The fact that gold’s price corrected lower on Friday, while the USD edged higher tended […]
Oil Weekly Update: WTI traders await for critical OPEC+ meeting details
Technical Analysis of Oil WTI Chart – Negative momentum drives WTI prices closer to fresh 4 year lows After a brief period of consolidation last week, negative momentum strengthened as buying interest dissipated and the bears regained control of the commodity’s price, dragging it closer to the $55.15 support area. We maintain our bias for […]
Oil Weekly Update: Trump eyes China talks, WTI steadies
Technical Analysis of Oil WTI Chart – Crude swings violently amidst tariff uncertainty After a few tumultuous weeks filled with volatility, crude futures managed to consolidate close to the $63 per barrel area after a heavy dosage of technical dip buying activity. We continue to hold a bearish outlook bias for the commodity, merely on […]
Gold’s Weekly Update: prices breaks to new record high levels.
With gold’s price rallying to new record high levels since last Wednesday, interest in the precious metal has been renewed. On a fundamental level we note the following: Technical analysis On a technical level, we highlight that gold’s price recovered fully from its drop on the 3rd to the 7th of the month, mentioned […]
Oil Weekly Update: Fears for global trade war weigh down
Technical Analysis of Oil WTI Chart – Crude sinks by over 4.5% the day after Trump’s tariff package announcement Negative momentum surrounding crude oil futures ignited after Trump’s bombastically aggressive tariff plans sparked fears for a global economic slowdown and a severe dent in oil’s demand, pushing traders to short WTI and quickly drag the […]
Gold’s Weekly Update: Gold bulls take a breather
In today’s report, we are to discuss the main fundamental issues surrounding gold’s price as well as any financial releases that could affect its direction and conclude the report with gold’s daily chart. Revival of USD’s and gold’s negative correlation? The fact that gold’s price corrected lower on Friday, while the USD edged higher tended […]